A quick look on some FAQ on Labuan bank account

Is There any Need to Come to Labuan for Opening of Account?

Though it is not compulsory to come to Labuan to open of a bank account but still it is recommended for foreign investors to come to Labuan and open a Labuan bank account after knowing all the complete information about the bank. It is always beneficial and favourable to deal with the bank account opening procedure by consulting with the specialists who know about the procedure and can guide the investors in putting the accurate documents and other information to the bank.

Is There any Limitation on the Number of Currencies to Use in the Account?

The foreign investors are free to use their preferential currency in accordance with their business requirements. Any investor can set up Labuan bank account in multiple currencies and can proceed with their work. The Labuan jurisdiction gives flexibility to business investors and therefore makes the bank account procedure and other bank related policies quite favourable to the foreign business investors.

How about Doing International Payments with a Labuan Bank Account?

The investors will find a good time by opening a Labuan bank account as they are free to perform any international payments without thinking of any restriction. But like any other banking provisions, the investors have to keep in their mind about the costs associated with the foreign payments as what is decided by the bank in the Labuan and you have to adhere to those costs while making any international payments.

For more information visit us at http://www.simplyoffshore.com/labuan-bank-account/

Contact Us
Labuan Head Office Level 2,Lot 19,
Phase 3, Lazenda Commercial Centre,87007
Labuan F.T., Malaysia
Telephone: +60321613430